US sports betting giant DraftKings has clocked revenue of $1.23 billion for the fourth quarter of 2023, an increase of $376 million or 44% compared to $855 million during the same period in 2022, leading it to raise its full-year guidance for 2024. In the full year 2023, DraftKings saw a revenue rise of 63% to
Month: February 2024
PENN Entertainment has announced the transformation of its Hollywood Casino at Greektown sportsbook in Detroit into the first-ever ESPN BET-branded retail sportsbook, set to open its doors this April. “We’re thrilled to announce that our market-leading sportsbook Hollywood Casino at Greektown will debut as the first ESPN BET-branded sportsbook in our portfolio,” said Penn Entertainment
PENN Entertainment recorded a net loss of $358.8 million for the fourth quarter of 2023, the period during which it launched its ESPN Bet sportsbook. Despite the early success of the sportsbook, Penn Interactive witnessed a sharp decline in quarterly revenue, plummeting from $208 million in Q4 2022 to $31.5 million in 2023, reflecting an
A gambling plan to authorize lottery, sports betting, and multiple casinos across Alabama cleared a major hurdle Thursday when the state House of Representatives approved a proposed constitutional amendment and a companion bill. The House approved the amendment by a vote of 70-32. The proposal needed at least 63 votes (three-fifths of the House) to
iGaming and sportsbook software supplier Soft2Bet will be the headline sponsor of the upcoming iGaming Next Summit New York 2024 taking place on March 6-7 in the Big Apple. As the company gears up for strategic expansion in the US market, including an imminent launch in New Jersey, the summit sponsorship stands out as a pivotal move for its
SOFTSWISS is gearing up to participate in the first SBC Summit Rio, scheduled for 5-7 March 2024. With over 15 years of experience in the industry, SOFTSWISS stated that it will showcase its expertise and technology solutions during the event. SBC Summit Rio officially marks Brazil’s first industry event since the introduction of new regulatory changes.
The first Prime Network Jackpot, launched by the SOFTSWISS Jackpot Aggregator in October 2023, was claimed on 7 February with the fortunate winner walking away with a EUR 244,742.34 ($263,444) prize. In the Prime Network Jackpot campaign, operators collectively establish shared, player-driven prize pools. Winnings are paid from such shared pools, not by individual operators.
Online gambling company Betsson reported a robust financial performance for the year ending December 31, 2023, clocking a 22% increase in revenue, reaching €948.2 million ($1 billion), with a 40% growth organically. Over the same period, EBITDA surged by 52% to €262.7 million ($282.6 million), displaying an improved margin of 27.7%, compared to 22.2% in the
North Korean entity Gyonghung Information Technology, a 15-member group based in Dandong, a Chinese border town neighboring the North’s Sinuiju, has allegedly received $5,000 from an unidentified South Korean criminal organization for creating an illegal gambling website and $3,000 per month for maintaining the website, according to South Korea’s National Intelligence Service (NIS). The company
February 15, 2024 The World Series of Poker Circuit (WSOPC) had its latest stop at Harrah’s Pompano Beach in Florida as more than a dozen ring events took place Feb. 1-12. The WSOPC Pompano Beach stop produced several notable winners, including reigning GPI Player of the Year Bin Weng and East Coast crusher Scott Baumstein.
There are two direct entities that get affected when a brand like KingCasinoBonus undergoes changes or a major expansion. One is the company itself, and the other is its supporters. KingCasinoBonus has recently entered the global market, with its services becoming available to gamblers from all over the world. Now, global players can access casino
On Wednesday, February 14th, 2024 one person is left dead and 21 – others were wounded by gunfire in a mass shooting at the end of the Kansas City Chiefs’ Super Bowl parade according to the authorities. The Tragedy: 3 – individuals have been detained and are currently under investigation says the Kansas City Police
The Pennsylvania Gaming Control Board has released the official numbers for the Super Bowl wagers placed in the Commonwealth. Preliminary figures show $71,554,099 was wagered in the state on this past weekend’s San Francisco 49’ers/Kansas City Chiefs Super Bowl through retail and online sportsbooks. That was a 15% decrease over the wagers placed in Pennsylvania
A gambling proposal to authorize lottery, sports betting, and multiple casinos across Alabama was approved by a legislative committee. The Alabama House Economic Development and Tourism Committee greenlighted the two-bill package on Wednesday, which puts the proposal in line for a significant vote in the state House of Representatives. If approved by the state Legislature,
HIPTHER Agency announced an Online Voting Session for the GamingTECH Awards 2024, which will take place at the Prague Gaming & TECH Summit on March 26. This year, the Awards will be honoring excellence in GameTech in Central and Eastern Europe. The GamingTECH Awards is a celebration of industry excellence in the CEE region. “Embracing
In 2023, Perth authorities carried out two major raids on underground gambling operations in suburban areas to seize almost $190,000 in cash, casino-style gaming chips, and playing cards. The organizers and participants of illegal gaming house, raided upon suspicion of operating without a gaming license, have been facing charges from Western Australia authorities to convey
From February 6th to 8th, the international gaming industry gathered for the final time at the Exhibition Center London (ExCeL), presenting its latest products and services to over 40,000 visitors. “Welcome to London” was the Merkur Group’s greeting this year at the event, as it presented its extensive product portfolio on a sprawling 2,000-square-meter show
A proposed constitutional amendment permitting Georgians to decide on the legalization of sports betting within the state has cleared a state Senate committee. The bipartisan measure, known as Senate Resolution 579, received unanimous support from the Senate Regulated Industries Committee late on Tuesday, marking a pivotal step in the legislative process. If approved, the proposed
Kindred Group’s flagship brand Unibet has, together with Tour de Tietema, developed an online learning tool in response to the growing concern over heart health issues within the cycling community. In addition, the cycling team will wear a custom exclusive jersey to draw attention to the importance of heart health. A free and interactive Augmented
In January 2024, the three Detroit casino operators experienced a decline in table games and slot revenue across their land-based facilities in comparison to the same month last year. Michigan Gaming Control Board (MGCB) reports that MGM, MotorCity, and Hollywood Casino at Greektown generated $94.4 million in aggregated gaming revenue in January 2024 to see